Financial services Financial services Capital lending is the process of a large company, or corporation, offering financing on large "ticket" items to encourage the customer to purchase that item. Many major corporations have setup finance divisions, or subsidiary's, to help the customer purchase their product over that of the competition. In addition, other companies have had to offer financing because their competitor does. ...more on Wikipedia about "Capital lending"
A collective investment scheme is a way of investing money with other people to participate in a wider range of investments than may be feasible for an individual investor and to share the costs of doing so. ...more on Wikipedia about "Collective investment scheme"
Consumer finance is a term used to describe unsecured loans to individuals intended to finance purchases. ...more on Wikipedia about "Consumer finance"
The Enterprise Investment Scheme (EIS) is a series of tax reliefs designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom. ...more on Wikipedia about "Enterprise Investment Scheme"
Exchange-traded funds (or ETFs) are open-ended collective investment schemes, traded as shares on most global stock exchanges. ...more on Wikipedia about "Exchange-traded fund"
The term financial intermediary may refer to an institution, firm or individual who performs intermediation between two or more parties in a financial context. Typically the first party is a provider of a product or service and the second party is a consumer or customer. ...more on Wikipedia about "Financial intermediary"
Financial services is a term used to refer to the services provided by the finance industry. Financial services is also the term used to describe organizations that deal with the management of money. Banks, investment banks, insurance companies, credit card companies and stock brokerages, are examples of the types of firms comprising the industry, which provides a variety of money and investment and related services. Financial services is the largest industry (or industry category) in the world, in terms of earnings; as of 2004, the industry represents 20% of the market capitalization of the S&P 500. ** ...more on Wikipedia about "Financial services"
(Home Mortgage Disclosure Act) ==Background== ...more on Wikipedia about "Home Mortgage Disclosure Act"
An ICVC or Investment Company with Variable Capital is a type of open ended collective investment formed as a corporation under the Open-Ended Investment Companies Regulations. As an open-ended company the manager must create shares when money is invested and redeem shares as requested by shareholders. ...more on Wikipedia about "ICVC"
An Insurance Broker sources (brokes) contracts of insurance on behalf of their customers. ...more on Wikipedia about "Insurance broker"
Investment trusts are companies that invest in the shares of other companies. ...more on Wikipedia about "Investment trust"
Lind-Waldock is a full-service futures brokerage firm primarily serving individual traders, or as known in the industry, “retail” clients. The company was founded in 1965 by Barry Lind, a successful trader at the Chicago Mercantile Exchange, and Jack Waldock, who made his mark in the meat packing industry. An industry innovator, Lind-Waldock is regarded as the first discount futures broker, the first to develop an electronic order-routing system to U.S. exchange trading floors, and the first to offer clients an online order-entry platform. ...more on Wikipedia about "Lind-Waldock"
A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, and/or other securities. Legally known (in the US) as an "open-end company," a mutual fund (click here for US SEC definition) is one of three basic types of investment companies available in the US. ** . ...more on Wikipedia about "Mutual fund"
A pension is a steady income paid to a person (usually after retirement). Retirement plans (also known as superannuation) are a product or a method of investing which invests money now to provide for a retirement pension later. ...more on Wikipedia about "Pension"
In 2004 the Labour Party government announced plans to rationalise the British tax system as applied to pension schemes; these changes are referred to as pension simplification. The aim is to reduce the complicated patchwork of legislation built-up by successive administrations which act as a barrier to the public when considering retirement planning. Ultimately the government wishes to encourage retirement provision by simplifying the eight tax regimes which currently exist to one single regime for all individual and occupational pensions. ...more on Wikipedia about "Pension simplification (UK)"
The pensions crisis is the potential result of insufficient resources being reserved for retirement income as life expectancies rise. As a larger share of the population become reliant on a smaller proportion of the economic active, public or state provision will fall. This is likely to considerably affect the financial prospects of retirees, many of whom are suspected of making insufficient private saving. Solutions to the pensions crisis could include higher taxes, later retirement, or the encouragement or reform of private saving, perhaps under compulsion. Some claim that the pensions crisis does not exist or is overstated, as pensioners in developed countries faced with population ageing are often able to unlock considerable housing wealth and make returns from other investments or employment. ...more on Wikipedia about "Pensions crisis"
In the United Kingdom a Personal Equity Plan is a form of tax-privileged investment account. They were introduced by Nigel Lawson in the 1987 budget for Margaret Thatcher's Conservative government to encourage equity ownership for in the wider population. PEPs were allowed to contain collective investments such as unit trusts. In 1992 a new type of PEP called a single company PEP was introduced only allowed to hold single company shares. To distinguish between the two types the orginal variety were called general PEPs. ...more on Wikipedia about "Personal Equity Plan"
A Personal pension scheme is a UK tax-privileged individual savings plan, designed to build a capital sum exclusively to provide retirement benefits. ...more on Wikipedia about "Personal pension scheme"
Property & casualty insurance (P&C) is an insurance industry term for companies to define the type of products they provide and what category among insurance company they are. This diferintiates these companies from life insurance, re-insurance, and health insurance companies. Mainly these companies deal with auto insurance, home owners insurance, and business dwelling coverage. ...more on Wikipedia about "Property & casualty insurance"
Renaissance Technologies is a hedge fund mangement company. Renaissance was started by Jim Simons in 1982. Its $5 billion Medallion Fund has averaged 35% annual returns, after fees, since 1989, and is considered in the industry to be the most successful hedge fund, yielding returns ten percentage points higher than legendary investors Bruce Kovner, George Soros, or Paul Tudor Jones. ** Extremely secretive, the company operates out of a mini-campus on Long Island, New York. Administrative functions are handled out of offices in Manhattan. ...more on Wikipedia about "Renaissance Technologies"
A Retirement Annuity Plan (RAP) is a UK pension plan designed to build a lump sum for retirement. Part of the lump sum must be used to buy an annuity and part can be taken a tax free lump sum. ...more on Wikipedia about "Retirement annuity plan" Must see shortopedia
A Self-Invested Personal Pension (SIPP) is an arrangement within a UK personal pension scheme in which the scheme member has the power to direct how the contributions are invested. (Source: HMRC) ...more on Wikipedia about "Self-invested personal pension"
Stakeholder pension schemes were introduced in the UK by the Labour Party government in 2001 to encourage long term savings in relation to retirement. Stakeholder pension schemes are personal pension schemes which meet CAT standards (Cost Access and Terms) imposed to reduce costs traditionally associated with saving for retirement. ...more on Wikipedia about "Stakeholder pension scheme"
UK Pension Provision falls into three major divisions: ...more on Wikipedia about "UK Pension Provision"
Note: the Unit Trust (UT) is a separate mainly UK fund type. ...more on Wikipedia about "Unit investment trust" Whatever You're Into, Get Into www.shortopedia.com.
This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia . Direct links to the original articles are in the text.
If you use exact copy or modified of this article you should preserve above paragraph and put also : It uses material from
the Shortopedia article about "Financial services".
| MAIN PAGE | MAIN INDEX | CONTACT US |